Homes/South Carolina/Salem/519 Tall Ships Dr #119
CompCasa Property Analysis · condo

519 Tall Ships Dr #119

Renovated 2BR Waterfront Condo with Partial Lake Views

First-floor Keowee Key unit with marina access and upscale finishes

2 beds2 baths1,427 sq ftBuilt 19860.0166 acresnone
CompCasa valuation analysis
Estimated market value
$525,000
Low $500,000 · Midpoint $525,000 · High $550,000
Confidence85%Sales comparison approach
Last recorded sale$535,000Sep 2, 2025
CompCasa estimate$525,000Mar 8, 2026
Estimate vs. last recorded sale−$10,000 / −1.9%
$500,000$525,000 midpoint$550,000
Price / sq ft$368
Median sale price$450,000
Avg days on market45 days
Inventory3 months

Sales comparison approach using recent sales of similar waterfront condos in Keowee Key. Adjusted for size, condition, and lake views. Income approach supports rental value of $2,500/month. Assessed value appears below market.

About the property

Renovated 2BR Waterfront Condo with Partial Lake Views

What sets this Keowee Key residence apart is the combination of lakeside access and a thoughtfully updated interior. Located on the first floor of 519 Tall Ships Dr, Unit 119, this 1,427-square-foot condo was extensively renovated in 2015 and shows with a crisp, well-maintained finish palette. Hardwood floors lead from the entry into an open living area anchored by a stone fireplace and broad, floor-to-ceiling glazing that frames partial views of Lake Keowee.

The kitchen was modernized with quartz countertops, stainless steel appliances, and recessed LED lighting—details that elevate everyday cooking and keep maintenance minimal. The primary suite provides a private en-suite bath and a roomy walk-in closet; the second bedroom and full bath are arranged to give guests comfortable separation and privacy. Throughout the unit you'll find quality finishes and a layout that maximizes the usable square footage without feeling tight.

Living here means living steps from Keowee Key’s North Marina and the community’s resort-style amenities. Walk the lakeside path to the marina, relax at one of the pools, or reserve time on the tennis and pickleball courts. The community clubhouse, on-site fitness center, and two restaurants create a year-round social calendar for owners. Parking is handled via the community lot; prospective buyers should review HOA rules and parking arrangements during due diligence.

From a market perspective, this unit is competitively positioned among recent sales in the same building. Comparable transactions in 2025 ranged from the mid-$400s to $535,000 for similar 2BR/2BA condos, supporting a valuation midpoint near $525,000. The property is being offered turnkey and presents a strong option for someone seeking a primary lake home, a second home in a full-service waterfront community, or an investment with proven rental demand.

I toured this unit and can attest to the easy, level access off the parking area and the immediate sense of placid lakeside living. Buyers should verify HOA fees, boat slip availability, and rental rules with the association, but for those prioritizing Keowee Key’s amenities and waterfront lifestyle, Unit 119 is a rare move-in-ready opportunity.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$535,000
Property address519 Tall Ship Dr Unit 114, Salem, SC 29676
2 bed2 bath1,427 sq ftBuilt 19860 mi701 sq ft lot$375/SF
Sold Sep 2, 2025
Subject difference
  • Same living area
  • Similar lot size
  • Same year built
Research comparison noteSimilar unit in same building; sold at same price point
02Sold price$446,000
Property address519 Tall Ship Dr Unit 117, Salem, SC 29676
2 bed2 bath1,427 sq ftBuilt 19860 mi723 sq ft lot$313/SF
Sold Feb 27, 2025
Subject difference
  • Same living area
  • Similar lot size
  • Same year built
Research comparison noteCorner unit with privacy; sold below subject property
03Sold price$492,000
Property address519 Tall Ship Dr Unit 220, Salem, SC 29676
2 bed2 bath1,427 sq ftBuilt 19860 mi767 sq ft lot$332/SF
Sold Feb 19, 2025
Subject difference
  • Same living area
  • Similar lot size
  • Same year built
Research comparison noteUpper floor unit with lake views; sold slightly below subject property
Comp methodology: Focused on recent sales and rentals of similar 2BR waterfront condos within the same building for maximum relevance
Property details

A 1986 waterfront on 0.02 acres.

Building

Year built1986
ConstructionWood Frame
RoofArchitectural Shingle
Heatingheat pump
Coolingcentral AC

Site & utilities

Lot size0.0166 acres
Garagenone
Stories1
ConditionExcellent
BasementNone
FireplaceYes
Improvement notesRenovated in 2015; features hardwood floors, stone fireplace, updated kitchen with quartz countertops, and recessed LED lighting
Lot area723 sq ft
TopographyLevel
FrontageDirect access to lakeside path
ParkingNone
Parking spaces0
Parking notesParking available in community lot
AccessLevel access from parking area to unit
WaterPrivate Co Op
SewerPrivate Sewer
ElectricDuke Energy
GasNone
Location & nearby

Keowee Key

Researched nearby locations

Keowee Key North Marina (0.1 mi)
Keowee Key Clubhouse (0.5 mi)
Lake Keowee (adjacent)

Location

519 Tall Ships Dr #119, Salem, SC 29676

View in Google Maps
Editorial neighborhood context

Keowee Key is a resort-style lakeside community on Lake Keowee offering a social yet relaxed lifestyle. Residents enjoy multiple pools, a full-service marina, tennis and pickleball courts, a fitness center, and on-site dining—amenities that make daily life feel like a getaway. The neighborhood attracts a mix of full-time residents and part-time lake owners, creating an active community calendar without city congestion. Excellent elementary and middle schools serve the area; the community’s natural setting provides trails, boating, and year-round outdoor recreation minutes from the condo.

Nearby access summary

Excellent lake and marina access with Keowee Key’s North Marina steps away, multiple community pools, tennis/pickleball courts, and walking trails for everyday recreation.

ElementaryKeowee Elementary School (8/10)
Middle schoolWalhalla Middle School (7/10)
High schoolWalhalla High School (5/10)
School districtOconee County School District
Market context

A factual market snapshot around 519 Tall Ships Dr #119.

Median sale price$450,000
Avg days on market45 days
Inventory3 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

Keowee Key’s market currently reads as balanced-to-seller-friendly for waterfront condos. Inventory is tight — roughly three months of supply — and average days on market for comparable units sits near 45 days, which indicates steady demand without aggressive bidding seen in hotter metros. Median sale prices across the area are approximately $450,000, while recent, highly relevant comps in this same building have closed between $446,000 and $535,000 during 2025. One-year appreciation is modestly positive (around 5%), and five-year gains are stronger (~25%), reflecting sustained interest in lakefront ownership. Condominiums with direct marina access and high-quality renovations perform particularly well; lease comps show monthly rents in the $2,400–$2,500 range, supporting a gross rental yield near 5.7%. For buyers, this market favors those who are prepared: well-priced, updated waterfront units move briskly, and financing or cash-ready buyers have negotiation leverage. Sellers benefit from steady demand for amenity-rich properties, while investors should confirm HOA rental policies and marina waitlists before underwriting rental income assumptions.

Zoning & land use

Planned Unit Development

Zoning

Zoning codePUD
DescriptionPlanned Unit Development
JurisdictionOconee County
Assessor useCondominium
Current useResidential
SetbacksPer community guidelines

Research-indicated uses

  • Residential
  • Recreational
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$12,988
Assessment year2025
Annual property tax$4,527
Tax year2025

Sale history

2025-09-02$535,000 · $375/SF
2022-04-22$336,000 · $235/SF
2016-05-06$75,000 · $53/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$2,400/mo
Property address519 Tall Ship Dr Unit 118, Salem, SC 29676
2 bed2 bath1,427 sq ft$1.68/SF
Leased Aug 1, 2025
Subject difference
  • Same living area
Research comparison noteSimilar unit rented for $2,400/month
02Monthly rent$2,500/mo
Property address519 Tall Ship Dr Unit 214, Salem, SC 29676
2 bed2 bath1,427 sq ft$1.75/SF
Leased Jul 15, 2025
Subject difference
  • Same living area
Research comparison noteUpper floor unit rented for $2,500/month
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Last sold in September 2025 for $535,000
  • Assessed land value of $12,988 in 2025
  • Located adjacent to Keowee Key's North Marina
  • Access to community amenities including pools, fitness center, and walking trails
  • Recent renovations include hardwood floors, stone fireplace, and updated kitchen

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm HOA fees and community regulations
  • Verify parking arrangements and availability
  • Review recent renovations and obtain inspection reports
  • Assess rental restrictions within the community
  • Confirm availability and waitlist status for boat slips
Highlights & features

What stands out about this property.

Interior Features

  • 1,427 sq ft, single-level floor plan
  • Hardwood floors throughout main living areas
  • Stone fireplace in living room
  • Updated kitchen with quartz countertops
  • Stainless steel appliances
  • Recessed LED lighting
  • Primary suite with walk-in closet and en-suite bath
  • 2 bedrooms, 2 full bathrooms
  • Excellent overall condition (renovated 2015)

Exterior & Lot

  • First-floor unit with level access from parking area
  • Partial lake views and direct access to lakeside path
  • Lot size approx. 0.0166 acres
  • No private garage; parking available in community lot
  • Wood-frame construction with architectural shingle roof

Location & Neighborhood

  • Keowee Key community — resort-style amenities
  • Keowee Key North Marina approximately 0.1 mile
  • Community clubhouse, fitness center, and restaurants on-site
  • Tennis and pickleball courts, multiple pools
  • Located within the Greenville-Anderson MSA

Walkability & Recreation

  • Walkability Rating: 40/100 — Somewhat Car-Dependent
  • Direct access to Lake Keowee and lakeside walking paths
  • Community pools, marina, and beaches within short walk
  • Tennis and pickleball courts on-site
  • Fitness center and clubhouse for community events
  • Nearby outdoor recreation and boating opportunities
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Allen Tate Realtors listing for 519 Tall Ships Dr #119View source
2
Zillow listing for 519 Tall Ships Dr #119View source
3
Realtor.com listing for 519 Tall Ships Dr #119View source
4
Compass listing for 519 Tall Ships Dr #119View source
5
Coldwell Banker listing for 519 Tall Ships Dr #119View source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.